Just two years into a four-year lease, online travel giant Expedia is said to be surrendering its 25,000 square foot (2,322 square metre) office in The Center in Hong Kong, after the company in February announced layoffs of 3,000 staff… Read More>>
NYSE, NASDAQ-Listed Mainland Apartment Platforms Accused of Cheating
A pair of loss-making Chinese rental apartment outfits are coming under increasing pressure from authorities, following allegations of financial exploitation.
The Shenzhen Housing and Urban-rural Construction Bureau said last Friday that it had launched an investigation into the business practices… Read More>>
Gaw Capital Bets on Alibaba in Hangzhou Office Acquisition
Gaw Capital Partners is cozying up to Alibaba for its latest mainland China property acquisition as the private equity firm led by Goodwin Gaw takes aim at the country’s rising tech and e-commerce industries.
The Hong Kong-based investment manager, which… Read More>>
Hanison Seeks Buyer for HK$370M Kowloon Commercial Tower
Hanison Construction Holdings is seeking a buyer for a newly refurbished commercial property in Kowloon valued at HK$370 million ($48 million) – more than double the price the company paid for the property in 2017.
Payson Cha’s Hong Kong-listed firm… Read More>>
Hong Kong’s Hang Lung Predict COVID-Driven Loss in 2020
One of Hong Kong’s largest property developers, together with its parent firm, is warning of a potential loss this year as a result of the COVID-19 crisis, as the pandemic takes a toll on real estate values.
Hang Lung Properties,… Read More>>
CapitaLand, ARA, GLP Lead Singapore Domination of Asia Real Estate Private Equity
Singapore players dominated Asia Pacific’s management of private real estate funds in 2019, as CapitaLand, ARA Asset Management and GLP controlled more than a quarter of the region’s assets under management, according to a recent survey by property investment industry… Read More>>
Link REIT Revenues Rise 5.6% Despite Protests and Pandemic in Hong Kong
Hong Kong’s Link REIT survived a steep downturn the city’s retail sector in 2019, recording a 5.6 percent rise in revenue to HK$10.7 billion ($1.4 billion) for the year ending 31 March 2020. That income increase came despite the city’s… Read More>>
IWG to Open Causeway Bay Centre as Regus Parent Plunders WeWork Spoils
The parent company of Regus has helped itself to a space in Hong Kong vacated by rival WeWork, as the balance of power shifts within the flexible office universe.
IWG, which owns Regus and four other flexible office brands, confirmed… Read More>>
US Consulate’s HK$5.2B Site Could Sell for 24% Off Amid Hong Kong Downturn
Amidst growing friction with Chinese authorities, the US Department of State has put up for sale a residential site in one of Hong Kong’s most exclusive enclaves, and it could be set to sell for nearly a quarter less than… Read More>>
Chongbang to Invest $400M in Phase 2 of Shanghai’s Lifehub@Anting
Chongbang Group has closed the $120 million acquisition of a suburban site in northwestern Shanghai as it readies the second phase of the company’s retail-anchored Lifehub@Anting project, Mingtiandi can reveal.
The Shanghai-based commercial developer led by one-time Shui On Land… Read More>>
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